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    Property profile & analytics

    339 Cline Ave Mansfield, OH 44907

    • Medical offices
    • 960 SF
    • 0.03 lot acres
    For Sale
    View listing
    $1,300
    Value Estimations
    Cap Rate Potential
    4.6%
    Medical offices
    Location Intelligence
    Property ID
    US66-2609658
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr Theodore J Togliatti MD / Pain Management Physician
    • MidOhio PainCare / Pain Control Clinic
    • Quest Diagnostics / Laboratory / Medical Clinic

    Property Details for 339 Cline Ave

    Year built
    1993
    Lot size
    0.03 lot acres
    Property size
    960 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    027-07-166-05-001
    APU
    270716605001

    Description

    This 1,116-square-foot office space at 339 Cline Ave, Suite C, is a highly versatile property ideal for a variety of businesses. The single-tenant layout includes four private offices, a break room, a kitchenette/laboratory, a reception area, a waiting room, and a private bathroom. The space benefits from central air conditioning for year-round comfort. Recent improvements include new flooring (2022) and a new furnace (2019). Ample private parking is available on-site, offering convenience for employees and clients. The property enjoys a high-visibility location with approximately 6,000 cars passing daily, providing excellent exposure for your business. Currently vacant, the space will be available for occupancy starting January 1st, following the departure of the existing tenant on December 31st. This prime location presents a unique opportunity to establish or expand your business in a strategic and accessible area. The space is adaptable to various office configurations, including traditional, executive, medical, coworking, and creative office uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $190,000
      6.5%
      $175,000
      7%
      $160,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Richland
    State
    Ohio
    Longitude
    -82.5289
    Latitude
    40.7473
    CBSA code
    31900
    CBSA name
    MANSFIELD, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,345
    $1,980
    $17,030
    $19,010
    -
    $5,670
    $48,670
    $54,340

    Comparable in this City

    • Value Estimation
      $300,000
      5,433 SF

      275 Cline Ave

      MEDICAL BUILDING • 5,433 SF
      275 Cline Ave, Mansfield, OH 44907-1000
      View Details
    • Value Estimation
      $260,000
      3,318 SF

      265 Sterkel Blvd, Unit 101

      MEDICAL BUILDING • 3,318 SF
      265 Sterkel Blvd, Mansfield, OH 44907-1507
      View Details
    • Value Estimation
      $375,000
      5,493 SF

      371 Cline Ave

      MEDICAL BUILDING • 5,493 SF
      371 Cline Ave, Mansfield, OH 44907-1021
      View Details
    • Value Estimation
      $385,000
      8,940 SF

      245 Sterkel Blvd Ste, Unit 200

      MEDICAL BUILDING • 8,940 SF
      245 Sterkel Blvd Ste, Mansfield, OH 44907-1586
      View Details
    • Value Estimation
      $235,000
      3,535 SF

      370 Cline Ave

      MEDICAL BUILDING • 3,535 SF
      370 Cline Ave, Mansfield, OH 44907-1057
      View Details
    • Value Estimation
      $470,000
      3,600 SF

      273 Cline Ave

      MEDICAL BUILDING • 3,600 SF
      273 Cline Ave, Mansfield, OH 44907-1019
      View Details

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    • $1,953,150
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      Mansfield Medical Office Building

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    • $1,300,000
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      Medical Office Building with Surgery Center

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    • Contact for pricing
      1,253 SF

      Office/Medical Space For Lease

      Office/medical suite with 5 offices/exam rooms, kitchen, restroom.
      380 Cline Ave, Mansfield, OH 44907
      View Details
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    Mansfield, OH 44907
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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